Effect on Cryptocurrency after China banned ICOs.

in cryptocurrency •  7 years ago 

Bitcoin price drops $200

Bitcoin's price fell after China announced a ban on initial coin offerings (ICOs) from $4,584 to around $4,350 per bitcoin.

1.ICOs are out of control

2.Many ICOs are scams

3.The mania poses a danger to retail investors.

4.China is a hotbed for the action (scams and all)

5.China wants its own coin

6.ICOs threaten incumbents

7.China wants a cool-off period


EFFECTS ON Cryptocurrency

image
image

cryptocurrency china world effect icos
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.03
  • Past Payouts $0.03
  • - Author $0.03
  • - Curators $0.00
15 votes
2
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    nice post so far you keep it up the good work hey i have really beautiful blog check out my blog i hope u like it

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  7 years ago 

      Very nice summary. I hope newbies know the price drop means Buy. Cryptocurrency is here to change the way financial transactions are done and we haven't seen the best yet.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00